November 2020 - Astris Finance is pleased to announce the closing of the financings in connection with Terra Santa and Maral wind projects, consisting in the raising of a R$423m (~US$76m) financing for a 159.7 MW greenfield wind portfolio located in Rio Grande do Norte, northeast Brazil (the “Portfolio”).
As financial advisor, Astris assisted Total Eren with a carefully crafted project financing structure with Banco do Nordeste do Brasil (BNB), which was the sole lender of this transaction. As guarantee to BNB a limited/non-recourse letter of credit for the benefit of lender was provided by a syndicate of three commercial banks active in Brazil.